“The criminals are always opportunistic.”
Featurespace Senior Vice President of Global Product Management Dena Hamilton told PYMNTS that the scams are proliferating and mushrooming across a variety of vectors.
The conversation came amid surges in phishing, smishing and business email compromise (BEC) scams. In some cases, bad actors have been preying on tragedies, such as the condo collapse in Florida, and natural disasters, scamming unwitting, altruistic individuals and firms out of their donations.
The best defense rests with speed, automation and technologies that use behavioral analytics to spot and prevent scams that threaten to disrupt the payments landscape, she said.